Corporate Governance
Japan MDM has a Board of Corporate Auditors that includes one standing auditor, CPAs, and lawyers with ample experience to serve as outside auditors. The corporate auditors attend Board of Directors' meetings to monitor the performance of duties and business execution on the part of directors and executives. Management believes that this auditing function, which has been upgraded and reinforced, provides a corporate governance structure appropriate for Japan MDM. There are no conflicts of interest between the company and its outside auditors in terms of personal, capital or business relationships. The Board of Directors is the company's highest decision-making body, following the general meeting of stockholders. The Board deliberates on corporate management strategy and other important matters affecting the company as a whole. The Board endeavors to make rapid and efficient decisions in response to changes in the operating environment. Regarding systems for internal control, the Planning and Administration Department, which reports directly to the president, conducts periodic internal audits. The company has also established a Compliance Committee and has reinforced risk management, compliance, and internal checks and balances.